The chart is telling an interesting story right now. You could interpret what's happening in $NDX as either a classic rising wedge setup or a failed inverse head and shoulders pattern—either way, the technical picture is flashing similar warnings. The key takeaway? We're likely looking at meaningful pullback pressure building in large-cap names over the near to medium term. When mega-cap tech starts rolling over, the ripple effects tend to reach further than most traders expect. Worth keeping an eye on how equities behave in the coming weeks.